Broadcast Newsline: April 15, 2009

Gary Adams, Vice-President of Economics and Policy Analysis for the National Cotton Council says the cotton program will receive additional attention with the expected conclusion of the arbitration phase of the Brazil-U.S. dispute in the World Trade Organization (WTO).

This week’s Cotton Newsline is 3 cuts. All cuts are Dr. Gary Adams, Vice-President of Economics and Policy Analysis for the National Cotton Council.

Suggested Introduction 1: Gary Adams, Vice-President of Economics and Policy Analysis for the National Cotton Council says the cotton program will receive additional attention with the expected conclusion of the arbitration phase of the Brazil-U.S. dispute in the World Trade Organization (WTO).

Suggested Introduction 2: Adams said the U.S. cotton industry believes that Brazil’s damage claims are overstated in its WTO challenge of the U.S. Export Credit Guarantee (GSM) program and certain aspects of the U.S. cotton program.

Suggested Introduction 3: Adams noted that a frustrating aspect of the case is the WTO’s use of the 1999-2005 period for analysis.

Suggested Conclusion: Adams explained to the group that the size of potential damages will be important in determining the scope and type of countermeasures Brazil will be allowed to use. He also noted that it is possible that any retaliation by Brazil could look beyond agriculture.

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